News story

ATM merger referred for full investigation

Cardtronics’ purchase of rival ATM provider DCP is being referred for an in-depth investigation, after the CMA found competition concerns.

Person withdrawing money from a cashpoint

On 3 May the Competition and Markets Authority (CMA) said it would refer the merger for a phase 2 investigation unless Cardtronics offered acceptable proposals to address these concerns by 10 May.

As Cardtronics has not offered these undertakings, the CMA will now refer the merger.

A decision on the merger will be made by a group of independent panel members supported by a case team of CMA staff. The deadline for the final report is 27 October 2017.

All information relating to the investigation is available on the case page.

Published 15 May 2017